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Someone who heard something and does not understand limit orders, is my best guess/hope for the 49 cent print.
Dino
I am Laughing out loud...…
27,500 shares crossed at .49.
Your friend always,
Dino
This Current Report on Form 8-K of CurAegis Technologies, Inc. (the "Company”) reports the October 12, 2018 investment made by Richard A. Kaplan, the Company’s Chief Executive Officer and a director.
The Company is currently offering up to $2.5 million in non-interest bearing Senior Convertible Promissory Notes and Warrants (the "JULY 2018 Convertible Notes”) in a private placement. During the period from July 24, 2018 to October 12, 2018, the Company issued $575,000 aggregate principal amount of JULY 2018 Convertible Notes, and warrants to purchase 350,00 shares of common stock in connection with the JULY 2018 Convertible Notes.
On October 12, 2018, Mr. Kaplan, purchased $50,000 principal amount of the JULY 2018 Convertible Notes and received the corresponding warrants.
The JULY 2018 Convertible Notes and Warrants are included in a private placement exempt from registration under Section 4(a)(2) of the Securities Act of 1933 (“Securities Act”), as amended, and Rule 506 thereunder. Each purchaser is an accredited investor. Such securities will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This report does not constitute an offer for the sale of any securities. The descriptions of the JULY 2018 Convertible Notes, the warrants, and the securities purchase agreement pursuant to which the JULY 2018 Convertible Notes are offered, are qualified in their entirety by reference to Exhibits 4.1, 4.2, and 4.3 hereto, which are incorporated by reference herein.
On October 12, 2018, Mr. Kaplan, purchased $50,000 principal amount of the JULY 2018 Convertible Notes.
This is the CEO of CRGS...….
Dino
Form 4 today Richard Kaplan. Crumble, Crumble...
Dino
Cura Division now receiving the same message board negative speculation/noise if you will, as the Aegis Division previously did. All my best to James Donnelly and team. It is my belief when the time is right, we will hear about your progress.
CEO Update - October 1st 2018
Dear Shareholders,
As we previously announced, a major hydraulics manufacturer would come to Rochester the week of September 24th to evaluate our pump and motor technology. Our MOU with them stated that they would let us know if they wanted to proceed to negotiations within 30 days from the testing. Last week a group of their senior management and engineers from the US and Europe came to our headquarters in Rochester, NY. They informed us after the meeting that they want to start negotiations immediately for an agreement to form a relationship with us.
I want to make it clear that this is not a done deal and the “devil is in the details” of an agreement. However, that being said, we are very excited about the potential that this could create for Curaegis.
We have recently received questions from investors regarding the possible agreement. Consistent with CurAegis Code of Business Conduct, we will not comment on speculation regarding the possible agreement. In addition, as a result of the above, CurAegis will observe a “quiet period” with respect to the possible agreement, beginning today and lasting until we have more to announce.
Thank you for your ongoing support and trust in our team.
Richard A. Kaplan
Share price, along with payroll, rent etc. enters my mind. (until cash comes in, instead of out) <<"why the continual highly super-expensive dilution to the minority shareholders since the June annual meeting"?>>
I have been buying more at .22 .24 .25 .27 .28 .30 .32 .34 to offset the dilution. I do realize some shareholders cannot or will not do this to offset dilution.
Dino
Yes is my answer to your question,"Do you really think there is that
much attention given to Cura right now?"
Dino
Here come those pesky Form 4's again LOL.....
Siconolfi, Kaplan, Destler…
Your friend always,
Dino
Jay Arr's posted figure is the one I calculated and believe to be correct in determining stock price/value when a successful deal is made.
Dino
Bingo Jay Arr...
"it’s just a question of will the manufacturer pay enough for it, and the exclusivity of it, or will CurAegis have to shop it around"
We are not in a begging position by any means. He who laughs last, laughs the hardest.
Dino
He who laughs last, laughs the hardest.
Congratulations to the CRGS team on the Sept. 22nd trip.
all my best.
Dino
Yes a test, just a plain little old test Trucker. Obviously I am confident in the test results already received on MT.Read BLVD will stand up. I am well aware of what was said in the CEO Update. I read the whole thing. IMO CRGS is not jetting off overseas without having extreme confidence in their product.
Dino
Get your popcorn ready. Myself, I am all strapped in and await lift-off.
Tremendous opportunity for Curaegis Technologies to showcase what they have.
Dino
He who laughs last, laughs the hardest.
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
BROWNE KATHLEEN A
2. Issuer Name and Ticker or Trading Symbol
CurAegis Technologies, Inc. [ CRGS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
CFO
(Last) (First) (Middle)
80 GEORGIAN CT.
3. Date of Earliest Transaction (MM/DD/YYYY)
5/7/2018
(Street)
ROCHESTER, NY 14625
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date
2A. Deemed Execution Date, if any
3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code
V
Amount
(A) or (D)
Price
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security
3. Trans. Date
3A. Deemed Execution Date, if any
4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code
V
(A)
(D)
Date Exercisable
Expiration Date
Title
Amount or Number of Shares
Employee Stock Option (right to buy)
$0.23
5/7/2018
A
100000
(1)
5/7/2028
Common Stock
100000
$0.23
100000
D
Explanation of Responses:
(1)
This option vests in four equal installments on May 7, 2018, 2019, 2020 and 2021.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director
10% Owner
Officer
Other
BROWNE KATHLEEN A
80 GEORGIAN CT.
ROCHESTER, NY 14625
CFO
Signatures
Kathleen A. Browne
8/28/2018
** Signature of Reporting Person
Form 4 out. Another key executive. This time Kathleen Browne CFO. A show of strength in the future of the company. Of course this is just my due diligence/opinion .
Dino
I have to think that the .171 8,472 share trade was a MM reach down to a stop loss to blow past the bid/buy shares at .205.
(From the 8/18 Ceo Update) "Our pump testing is going well and we believe we will be well prepared for our overseas testing with a major hydraulics manufacturer."
A shout out to my good friend Torvecian for this hand holding post for those that need it.
Torvecian
Tuesday, 08/28/18 06:19:25 PM
Re: SULAX post# 31641
Post # of 31651
My opinion is that the technology is valid .....
...and that it does what they say it does. I have no reason to believe otherwise. What is not opinion, is that this is taking an insane amount of time to bring to market.I undertand there are vast challenges with bringing something like the pump to commercialization. That being said, and while hope is not a strategy, I can only hope that beneath the surface, what we don't see, is a vigorous effort on the part of everyone at Mt.Read Blvd to monetize each of these products.
While I am highly frustrated, I also support and remain committed to Dick Kaplan and his team as they work hard to put some points on the board.
Ernest and Julio Gallo - "We sell no wine before its'time"
Torvecian - "Sell the xxxxing wine!"
Ha!
Thanks for trolling my post Sulax…….
Now scramble to get this deleted LOL....
Dino
Dino1717
Saturday, 08/25/18 06:59:45 PM
Re: fadeaway post# 31627
0
Post # of 31637
Really??? I disagree fadeaway, you must not understand the warrant filing.
IMO it is always best to do your own due diligence when investing.
I am curious, why are you posting me asking "How is MyCadian not Real Time doing?"
Quote:
form 4 is nonsense as are most of them. No new purchases. How is MyCadian not Real Time doing?
Really??? I disagree fadeaway, you must not understand the warrant filing.
IMO it is always best to do your own due diligence when investing.
I am curious, why are you posting me asking "How is MyCadian not Real Time doing?"
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Kaplan Richard A
2. Issuer Name and Ticker or Trading Symbol
CurAegis Technologies, Inc. [ CRGS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
112 HEATHERSTONE LANE
3. Date of Earliest Transaction (MM/DD/YYYY)
7/10/2018
(Street)
ROCHESTER, NY 14618
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date
2A. Deemed Execution Date, if any
3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code
V
Amount
(A) or (D)
Price
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security
3. Trans. Date
3A. Deemed Execution Date, if any
4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code
V
(A)
(D)
Date Exercisable
Expiration Date
Title
Amount or Number of Shares
Convertible Promissory Note
$0.25
7/10/2018
A
$25000
7/10/2018
7/10/2023
Common Stock
100000
$25000
$25000
D
Common Stock Purchase Warrant
$0.25
7/10/2018
A
10000
7/10/2018
7/10/2028
Common Stock
10000
(1)
10000
D
Explanation of Responses:
(1)
Reporting Person acquired Issuer's Common Stock Purchase Warrant as part of the Reporting Person's purchase of the Issuer's Convertible Promissory Note reported above for no additional consideration.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director
10% Owner
Officer
Other
Kaplan Richard A
112 HEATHERSTONE LANE
ROCHESTER, NY 14618
X
CEO
Signatures
Kathleen A. Browne, POA for Richard A. Kaplan
8/22/2018
A memorandum of understanding (MoU) is a type of agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used either in cases where parties do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen's agreement.
From Wikipedia
Dino
Dear CurAegis Technologies Shareholders,
This is a short CEO update for CurAegis Technologies, Inc. as of August 7, 2018.
CURA System:
As you know, our CURA System was soft launched in May. It had some bugs, most of which are now fixed and our system is running well. One of our users actually said “The CURA system has literally changed my life”. Although we have launched a consumer effort we do not expect any significant results for some time. As we have previously said, Business, Government and large organizations are our main potential customers.
We have a significant number of sales opportunities with active or scheduled trials across our market verticals as well as strong interest from many more interested parties. We have not yet established what our sales cycles are going to be, but we hope to see some major commitments in the next 90 days.
Aegis Pump:
Our pump testing is going well and we believe we will be well prepared for our overseas testing with a major hydraulics manufacturer. Our initial schedule was for the last week of August, but because of the Labor Day holiday scheduling is likely to be shifted to early September. We expect to have a date certain by mid-August.
Corporate Matters:
Our fundraising is going well and if we raise the additional $1.5 million the board has approved to raise, we should be good into the first quarter of 2019 even if no other revenue is received.
With both our products now working we are very hopeful that the future will be successful.
Again, thank you for your patience and confidence in CurAegis.
Richard A. Kaplan
Chief Executive Officer
CurAegis Technologies, Inc.
Jay Arr I viewed the form 4's as positive, (a tell if you will for the probability of the company's success) pretty easy to follow the money trail in CRGS. IMO the company issued
the Form 4's believing in future success of the company, and the Form 4 directors will be rewarded with money.
Yes it is more delution.
Dino
CurAegis Technologies has redefined the fluid power industry. The result is the Aegis Pump and Motor — a major breakthrough in fluid power technology.
We’ve eliminated the rotating piston group (the piston block is stationary), making the unit tremendously powerful and easy to manufacture. The piston block acts as a housing, shrinking the overall diameter by as much as 1/3 compared to traditional technology. Utilizing a rotating swash plate reduces rotational inertia that is up to 1/3 that of conventional designs, which provides for greater speed characteristics.
The Aegis Pump and Motor, with patented valving and rotating swashplate technology, is innovatively designed to deliver greater efficiencies, during peak and off-peak operation, in a package that is smaller, lighter, and quieter than current offerings.
Features and Advantages:
Higher overall efficiency
Greater power density
Smaller footprint
High reliability
Long service life
Ease of service
Lower noise
Lower friction losses
Enhanced suction characteristics
Reversible drive; configurable as pump or motor
IMO recipient Thomas Labus is the most deserving of the Form 4 group.
Mr. Labus is nationally known as one of the foremost experts in hydraulics, with additional background in fluid mechanics, high-pressure engineering, actuation/controls systems, pneumatics, materials evaluation and mechanical design and analysis. With over forty years experience he brings an incredible wealth of knowledge on both the technical side and the market in the hydraulics industry.
Mr. Labus most recently held an appointment as a Professor of Mechanical Engineering at the Milwaukee School of Engineering (MSOE) from which he recently retired. At MSOE, Mr. Labus was instrumental in developing a fluid power option in the mechanical engineering technology program, and in developing long-term industrial partnerships with companies such as Caterpillar and John Deere in the field of advanced fluid power technologies. Additionally he taught the Masters of Engineering program at MSOE in the area of mechanical engineering and fluid power.
Thank you Leviticus for the reply to my mailbox.
Sure does make me continue to feel confident in my investment in CRGS and the future of the company.
Dino
Add William Destler. Tom Bonadio, Thomas Labus, John Hienricy
Dino
Tom Bonadio, Thomas Labus, John Hienrcy pretty easy to follow the money trail in CRGS.
Exert from 5-7-18 CEO Udate:
We have signed a Memorandum of Understanding (MOU) with a major hydraulics manufacturer to assess our pump/motor technology. The MOU includes their testing protocol for their evaluations.
Our engineers will travel overseas for the testing at one of the manufactures facilities. In addition to their engineers, they will be sending some senior executives to monitor and observe the testing. We are very excited about the potential of this technology to change and revolutionize the hydraulics industry.
We are now working on optimizing our pump/motor and putting it through all the tests. We want to know what the results will be before we schedule the testing. They have advised us to take our time and make sure everything works as we want it. We are estimating late May or June to receive our new component parts and break them in for actual testing. Depending on certain overseas circumstances the testing will take place in June or late August.The MOU gives them 30 days after testing to notify us of their intent to start negotiations for an exclusive relationship.
Today August 1st, 2018, I started my own 60 to 90 day countdown window for the path of the monetarization of the CRGS pump/motor. Exert from 5-7-18 CEO Udate:
We have signed a Memorandum of Understanding (MOU) with a major hydraulics manufacturer to assess our pump/motor technology. The MOU includes their testing protocol for their evaluations.
Our engineers will travel overseas for the testing at one of the manufactures facilities. In addition to their engineers, they will be sending some senior executives to monitor and observe the testing. We are very excited about the potential of this technology to change and revolutionize the hydraulics industry.
We are now working on optimizing our pump/motor and putting it through all the tests. We want to know what the results will be before we schedule the testing. They have advised us to take our time and make sure everything works as we want it. We are estimating late May or June to receive our new component parts and break them in for actual testing. Depending on certain overseas circumstances the testing will take place in June or late August.The MOU gives them 30 days after testing to notify us of their intent to start negotiations for an exclusive relationship.
I bought 9000 shares at .27 so far today. 2,500 still out there. I hope the rest fills.
Dino
I understand completely Jay, but if the old business saying "time is money" means anything and comes into play, that "battleship" may just start to spin a bit.
Dino
Jay Arr, you are correct my friend. I was in the ballpark. IMO, if the pump passes the inspection,
I do not believe "deep pockets" will use up the whole 30 days after testing to notify us of their intent to start negotiations.
Dino
So sorry to hear. From attending this years annual shareholders meeting, I came away with the thought that the dominoes are all lined up for CRGS and ready to fall with a tap. The company was very encouraged about their prospects moving forward with the CURA technology. Myself, I cannot completely wrap my head around the CURA tech path to success and/or the possibilities that surround it. The Aegis tech path to success is quite easy for me to understand. Upon successful final show and tell of CRGS pump and motor to a deep pocketed buyer in the latter part of August, and a successful completion for CRGS of a 30 day negotiation period after that... Tap the first dominoe CRGS.
Dino
fadeaway, please do not miss-quote me. The fact is I did not ever say .261 didn't trade."But stop saying $.261 didn't trade" See post 31460
Wednesday, 07/25/18 05:48:03 PM
Re: fadeaway post# 31453
fadeaway, No shares were available to buy CRGS at 26 cents today."Every man has a right to his own opinion, but no man has a right to be wrong in his facts” Bernard M. Baruch (1870-1965)
"Could have gotten many more shares today at $.26" was impossible to do today. Non factual.....
Here are the 4 trades of CRGS today.
.261 275 shares
.3099 2,500 shares
.31 2,500 shares
.31 1,500 shares
Dino
fadeaway I just feel a need to correct posts about CRGS trades that are not factual. I had a bid at .261 and I could not buy a single share.
fadeaway
Wednesday, 07/25/18 12:30:35 PM
Post # of 31463
Could have gotten many more shares today at $.26 vs getting a great deal last week at $.32. Something is happening. Back to glass half empty vs half full.
Yes I deny your post one "Could have gotten many more shares today at $.26" Based on the fact that no shares of CRGS traded at .26
Dino
fadeaway, No shares were available to buy CRGS at 26 cents today."Every man has a right to his own opinion, but no man has a right to be wrong in his facts” Bernard M. Baruch (1870-1965)
"Could have gotten many more shares today at $.26" was impossible to do today. Non factual.....
Here are the 4 trades of CRGS today.
.261 275 shares
.3099 2,500 shares
.31 2,500 shares
.31 1,500 shares
Dino
Not as big, it also says Curaegis Technologies. Many on this board still refer to Curaegis as Torvec.